Tesla CEO, Elon Musk, now owns 9,2 percent of Twitter according to a filing released today by Bloomberg News. According to the publication, Musk bought the stake on March 14.
Musk has long been one of them users which have more than 80 million followers. As of today and after the announcements, he is also considered the largest shareholder of Twitter after buying 9,2% of the company's shares.
Its richest man world with a fortune of about $273 billion bought nearly 73,5 million shares, a filing with the U.S. Securities and Exchange Commission shows.
That means Tesla co-founder owns more than four times as many as Twitter founder Jack Dorsey, who owns 2,25%.
The news, of course, caused Twitter to jump more than 26% before Wall Street opened on Monday, which means the company now stands at about $ 3,6 billion, earning $ 1,2 billion in three weeks.
Musk's share is worth about $ 2,89 billion, based on the market closing on Friday.
We should mention that recently Elon Musk even exercised review for freedom of speech on Twitter, through a poll that went viral.
In the poll, the members of the platform asked if they believe that there is freedom of speech on Twitter. 70% of the users answered no. Musk later tweeted that he was seriously considering setting up a new social networking platform.